Charles Schwab Investment Management Inc. Boosts Stock Position in OppFi Inc. (NYSE:OPFI)

Charles Schwab Investment Management Inc. increased its stake in OppFi Inc. (NYSE:OPFI) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,359 shares of the company’s stock after buying an additional 4,398 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of OppFi worth $416,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares during the last quarter. Bank of New York Mellon Corp grew its stake in OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock worth $262,000 after purchasing an additional 6,242 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in OppFi during the third quarter valued at approximately $60,000. Geode Capital Management LLC lifted its holdings in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after buying an additional 18,149 shares during the last quarter. Finally, Barclays PLC lifted its holdings in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after buying an additional 20,630 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Price Performance

Shares of NYSE OPFI opened at $9.30 on Tuesday. The firm has a market capitalization of $803.31 million, a PE ratio of 58.11 and a beta of 1.63. OppFi Inc. has a 1-year low of $2.38 and a 1-year high of $17.73. The business’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $8.32.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The business had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter last year, the company earned $0.10 EPS. Equities research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Insider Activity at OppFi

In related news, Director Theodore G. Schwartz sold 124,788 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the completion of the transaction, the director now owns 186,737 shares of the company’s stock, valued at $1,738,521.47. This trade represents a 40.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the completion of the transaction, the director now directly owns 90,762 shares in the company, valued at $825,026.58. This represents a 25.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 687,653 shares of company stock worth $6,626,927 in the last three months. 84.00% of the stock is owned by company insiders.

Analyst Ratings Changes

OPFI has been the topic of several research reports. JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Northland Securities set a $13.00 price target on shares of OppFi in a report on Thursday, March 6th. Finally, Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.